Tony Cheng to become CEO on Dec 31, 2023; receives tax equalization and relocation package
REINSURANCE GROUP OF AMERICA INC
Cheng, currently President, will succeed Anna Manning as CEO effective Dec 31, 2023.
Tax equalization payments to offset U.S. vs. Hong Kong taxes on existing compensation, ABP, and LTI awards vested before relocation.
Relocation benefits include home sale/purchase cost reimbursement, temporary housing, household goods shipment, and up to $10,000 miscellaneous allowance.
If Cheng voluntarily leaves or is terminated for cause within 1 year, 100% of relocation costs repayable; within 2 years, 50%.
Effective date of U.S. payroll transfer contingent on obtaining immigration documents.
As previously disclosed, Mr. Cheng is relocating to St. Louis in connection with the Company’s plan to appoint him as Chief Executive Officer upon the retirement of Anna Manning, the Company’s current Chief Executive Officer, on December 31, 2023.
As previously disclosed, Mr. Cheng is relocating to St. Louis in connection with the Company’s plan to appoint him as Chief Executive Officer upon the retirement of Anna Manning, the Company’s current Chief Executive Officer, on December 31, 2023.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Anna Manning retired as Chief Executive Officer at REINSURANCE GROUP OF AMERICA INC.
Action
retired
Role
Chief Executive Officer
Exact text from the filing
As previously disclosed, Mr. Cheng is relocating to St. Louis in connection with the Company’s plan to appoint him as Chief Executive Officer upon the retirement of Anna Manning, the Company’s current Chief Executive Officer, on December 31, 2023.
Tony Cheng was appointed as Chief Executive Officer at REINSURANCE GROUP OF AMERICA INC.
Action
appointed
Role
Chief Executive Officer
Exact text from the filing
As previously disclosed, Mr. Cheng is relocating to St. Louis in connection with the Company’s plan to appoint him as Chief Executive Officer upon the retirement of Anna Manning, the Company’s current Chief Executive Officer, on December 31, 2023.
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